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ElwoodBlues · M
Both parties, because that's what it takes to pass the Senate.
If you are a tax cheat, more IRS funding is bad for you. If you pay your fair share, more IRS funding is good for you.
Here's what the non-partisan Congressional Budget Office has to say:
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How CBO Estimates the Effect on Revenues of Increased IRS Funding
CBO’s estimate of revenues is based on the IRS’s projected returns on investment (ROIs) for spending on new enforcement initiatives. The IRS estimates those ROIs by calculating the expected revenues that would be raised from taxes, interest, and penalties as a result of the new initiatives and dividing them by their additional cost. (The agency has provided ROIs over the past five years as part of its budget justification.) The IRS’s ROIs ramp up over three years as staff become trained and fully productive, arrive at the peak level, and then stay there. In recent years, peak ROIs have ranged from 5 to 9. That is, a $1 increase in spending on the IRS’s enforcement activities results in $5 to $9 of increased revenues.
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TL;DR: Every additional dollar of IRS funding collects $5 to $9 from tax cheats. Getting the cheats to pay their fair share means more taxes collected without raising rates! This benefits every citizen.
If you are a tax cheat, more IRS funding is bad for you. If you pay your fair share, more IRS funding is good for you.
Here's what the non-partisan Congressional Budget Office has to say:
[sep][sep][sep]
How CBO Estimates the Effect on Revenues of Increased IRS Funding
CBO’s estimate of revenues is based on the IRS’s projected returns on investment (ROIs) for spending on new enforcement initiatives. The IRS estimates those ROIs by calculating the expected revenues that would be raised from taxes, interest, and penalties as a result of the new initiatives and dividing them by their additional cost. (The agency has provided ROIs over the past five years as part of its budget justification.) The IRS’s ROIs ramp up over three years as staff become trained and fully productive, arrive at the peak level, and then stay there. In recent years, peak ROIs have ranged from 5 to 9. That is, a $1 increase in spending on the IRS’s enforcement activities results in $5 to $9 of increased revenues.
[sep][sep][sep]
TL;DR: Every additional dollar of IRS funding collects $5 to $9 from tax cheats. Getting the cheats to pay their fair share means more taxes collected without raising rates! This benefits every citizen.
checkoutanytime · M
@ElwoodBlues passing the senate with a valley girl like Harris as the deciding vote, is not a victory.
ElwoodBlues · M
@checkoutanytime I can't help it if republicans love tax cheats and hate honest tax-paying Americans!!!
checkoutanytime · M
@ElwoodBlues tyranny doesn't bother you brother?
ElwoodBlues · M
@checkoutanytime Tyranny? What tyranny??
In the current 50/50 Senate, democratic senators represent 41,500,000 more people than republican senators. It's a clear cut case of majority rule, LOL!!!
In the current 50/50 Senate, democratic senators represent 41,500,000 more people than republican senators. It's a clear cut case of majority rule, LOL!!!
checkoutanytime · M
@ElwoodBlues gas man blues, you know the tune. The more gas costs, the more everything costs, its not rocket science what Brandons' polocie's have done to the country.
ElwoodBlues · M
